We’ve got a couple of central bank statements this week, one of which is the BOC monetary policy decision. If you’re thinking of grabbing pips during this event, make sure you take note of these factors first. 1. Economic data turning a corner...
Welcome to another NFP week, fellas! Have you started looking for trade opportunities this week? If you haven’t, then let’s get your feet wet with these four catalysts that could cause volatility for the Aussie pairs! 1...
In an earlier article, I’ve listed the typical challenges for home-based forex traders. In this post, I’ll give y’all some tips on how to limit distractions while trading from home. It’s 9:00 pm...
At least once in your trading career, you’ve probably felt the need to take more trades even though you’ve already incurred more than your usual daily losses. In such instances, you often think to yourself that with more trades you will be able to offset your losses for the day...
In trading, it is very easy to get lost in the game. You get on your trading platform, try to get some pips, and in the process you usually forget the most basic risk management practices. Here are five common habits that might help in limiting your risk exposure. 1...
Becoming consistently profitable in forex trading involves making pips, keeping them, and then repeating the process. Unfortunately, it’s not as simple as it sounds. Making successful trades is not just about having a fantastic setup...
Have you ever had one of those days? Your charting software didn’t work just right, your Internet connection was doggedly slow, and you forgot to read up on this week’s latest economic report releases, so you missed all the good opportunities...
The SPX500 is just about to complete a triple top pattern, possibly leading to its biggest leg down since 2008, should GB decide next week to leave the EU. Could become a case of perfect timing...
Analysis : Triangle has broken through the support line at 16-Jun-12:00 2016 GMT. Possible bearish price movement forecast for the next 3 days towards 1.112. Supporting Indicators : Downward sloping Moving Average Resistance Levels...
When you go 258 pips, there may be some profit taking. The USDJPY has moved about 258 pips from the highs and reached this low in the process.(see chart below) There was a healthy correction that saw the price test the earlier low at 104.50 and the 38.2% retracement of the move down at 104.527...
Analysis : Channel Down identified at 15-Jun-04:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.88 within the next 3 days. Supporting Indicators : RSI below 40 Resistance Levels...
GBP/JPY falls below 150.00 The consolidation phase in GBP/JPY appears to be over as the pair plunges another 190 pips today to the lowest since August 2013. The decline started late last year but the pair had been in a consolidation phase since February...
It is the confirmation or denial of a trend that determines whether an investor will sit tight today and hold his or her position or decide to enter or exit an issue that could be long or short the market...
GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.689 within the next 2 days. Resistance Levels : ( B ) 0.7141Last resistance turning point of Channel Up. Support Levels ( A ) 0.689Last support turning point of Channel Up...
Triangle identified at 09-Jun-05:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.272 within the next 12 hours. Resistance Levels : ( B ) 1.2722Last resistance turning point of Triangle. Support Levels ( A ) 1...
Analysis : Triangle identified at 08-Jun-08:30 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 74.35 within the next 10 hours. Supporting Indicators : RSI above 60 Resistance Levels...
US Dollar heading into a critical support level in 11,800 which is also the 76.4% fib from from the 14th May 2015 swing lows. I am expecting price to stall there for a few days as we are massively oversold...
Pre US Open, Daily Technical Analysis Wednesday, June 08, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: the upside prevails. Pivot: 1.1315 Most Likely Scenario: long positions above 1...
